STTCOMP POW, FA Long SOI: 256M Cash: ~$2M SP: 2.4c EV: ~$4M POW...

STTCOMP POW, FA Long

SOI: 256M
Cash: ~$2M
SP: 2.4c
EV: ~$4M

POW has shifted their focus to vanadium over the last few months and their aims over the next 6 months are to 1) upgrade current vanadium resource to JORC 2012 standards and 2) establish viable processing methodology to maximise recovery of vanadium.

Their average exploration target size is 80Mt @ 0.3% V for about 540m Mlbs.

Given the recent rise of the vanadium pentoxide price and stocks like AVL, KRC, TMT showing good interests last week, POW represents a good ST trading opportunity.